This study seeks to test the hypothesis that real GDP in Jordan adjust differently in expansionary versus contractionary periods. The answer highlights on facts about the behavior of business cycles in Jordan. The current study applies two methodologies; Sichel' test and threshold autoregressive (TAR) and momentum TAR (MTAR) models. The results from both techniques confirm symmetric adjustment of real GDP in Jordan. This conclusion supports the idea that linear models are able to explain Jordan's business cycle.
|Number of pages||10|
|Journal||International Journal of Economic Perspectives|
|Publication status||Published - Dec 1 2009|
- Business cycles
- Threshold autoregressive model
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)